Reversal of interest - interest income which was taxed in the ...

Company Reverses Doubtful Interest Income Entry in Profit and Loss Account for Tax Purposes.

September 20, 2012

Case Laws Income Tax AT

Reversal of interest - interest income which was taxed in the past by offering in the books of accounts forming part of the total income declared, however the same was a doubtful of recovery, therefore the assessee-company had justification to reverse that entry by charging the same in the P&L account - AT

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Reversal of interest - interest income which was taxed in the ...

Company Reverses Doubtful Interest Income Entry in Profit and Loss Account for Tax Purposes.

September 20, 2012

Case Laws Income Tax AT

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